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Tax Foundation's Erica York on Tariff Revenue and Reconciliation
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March 31, 2025
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7:02Now PlayingPresident Donald Trump's trade adviser Peter Navarro said on Fox News Sunday that the tariffs due to start this week would raise $100 billion, while the total tariffs packages would raise another $600 billion.
“It’s the biggest tax cut in American history for the middle class, for the blue-collar deplorables,” he said, making a reference to a term former Democratic presidential nominee Hillary Clinton used to describe some Trump supporters in 2016.
Navarro also predicted that the tariffs wouldn’t mean higher prices. “The reason why we’re not going to see inflation is because the foreigners are going to eat most of it.”
Erica York, Vice President of Federal Tax Policy at the Tax Foundation, discusses President Donald Trump's tariff plans and what it could mean for federal revenue.
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